Lincolnville Company uses an imprest petty cash system. The fund was established on March 1 with a
Question:
Lincolnville Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March the following petty cash receipts were found in the petty cash box.
The fund was replenished on March 15 when the fund contained $3 in cash. On March 20, the amount in the fund was increased to $150.InstructionsJournalize the entries in March that pertain to the operation of the petty cashfund.
Transcribed Image Text:
Receipt For Date 3/5 No. Amount $39 21 6. 24 Stamp Inventory Freight-out Miscellaneous Expense Travel Expense 9. 11 14 Miscellaneous Expense
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Mar 1 Petty Cash 100 Cash 100 15 Postag...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
Rashida Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. The...
-
Kickapoo Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. The...
-
Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. The...
-
For each polynomial function, complete the following in order. (a) Use Descartes rule of signs to determine the different possibilities for the numbers of positive, negative, and nonreal complex...
-
Five years ago when Bobby Bret joined Crystal Productions as a junior accountant, he felt that he was on his way up. He had just graduated with a B+ average from college, where he was well liked by...
-
This exercise will lead you through a proof of Chebyshevs inequality. Let X be a continuous random variable with probability density function f (x). Suppose that P(X < 0) = 0, so f (x) = 0 for x 0....
-
For the system described in Problem 71, you measure a constant speed of \(1.0 \mathrm{~m} / \mathrm{s}\). Because this is not the value you calculated when you ignored friction in the system, you...
-
Pot Corporation acquired all the outstanding stock of Ski Corporation on April 1, 2011, for $15,000,000, when Ski's stockholders' equity consisted of $5,000,000 capital stock and $2,000,000 retained...
-
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
-
A steel billet is to be heat treated by immersion in a molten salt bath. The billet is 5 cm square and 1 m long. Prior to immersion in the bath, the billet is at a uniform temperature of 20C. The...
-
James Hughes Company established a petty cash fund on May 1, cashing a check for $100.The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $2.75....
-
Anna Pelo is unable to reconcile the bank balance at January 31.Annas reconciliation is as follows. Cash balance per bank....... $3,560.20 Add: NSF check............ 690.00 Less: Bank service...
-
The radius of a circular disk is given as 24 cm with a maximum error in measurement of 0.2 cm. (a) Use differentials to estimate the maximum error in the calculated area of the disk. (b) What is the...
-
Can you elaborate on the role of social capital in facilitating intergenerational transmission of resources, opportunities, and cultural capital, and how this perpetuates or challenges existing...
-
Consider the system of masses connected by light ropes that pass over massless and frictionless pulleys shown in the figure. If m = 1.0 kg and m = 2.5 kg, calculate (a) the accelerations of each...
-
1) Find and describe the cache configuration in your mobile phone CPU and in your computer CPU (laptop)? How many levels is the cache? Give details for L1 instruction and data caches? Number of...
-
Simplify. (6x) Assume that the variable represents a positive real number.
-
Why do police officers need to use discretion? Where is the majority of discretionary power concentrated in the typical police department?
-
Sue is the privacy officer for a chain pharmacy and responsible for HIPAA compliance. Top management has told Sue that they do not want to be caught with any HIPAA violations or to be subject to any...
-
You are standing at x = 9.0 km and your assistant is standing at x = 3.0 km. Lightning bolt 1 strikes at x = 0 km and lightning bolt 2 strikes at x = 12.0 km. You see the flash from bolt 2 at t = 10...
-
Draw a dot diagram for selenium hexafluoride and explain how it violates the octet rule.
-
Hiland Inc. manufactures snowsuits. Hiland is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago at a price of $1.8 million; six...
-
Hiland Inc. manufactures snowsuits. Hiland is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago at a price of $1.8 million; six...
-
BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isnt equipped to do. Estimates regarding...
-
An analysis of the activities needed to produce each product has been conducted. In addition, estimates have been developed. These are in the table below. Match the OH rate with the activity for each...
-
Service business 1. You are required to form a small business (Service business) 2. Explain the name and nature of the business, location, mission and objectives of the company. Assume the business...
-
Cost of utilities Cost per month (In dollars) $20,000 4. The cost of utilities depends on how many wards the hospital needs to use during a particular month. During months with activity under 2,000...
Study smarter with the SolutionInn App